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from members of britain's parliament. in this case that now involves scotland yard, very high-level politicians there. >> cbs news correspondent michelle miller has more on the biggest challenge ever to this powerful media mogul. >> it all shows lack of good judgment. >> reporter: for days, ministers in parliament have called for answers from the man rarely forced to answer anyone. now, rupert murdoch must face british lawmakers in a high-stakes effort to defend himself and his media empire. according to a bloomberg report, the 80-year-old ceo is under growing pressure to step down. and may be replaced by current coo chase kerry. >> they're in big trouble. they have criminal investigations that they have to go through. they have parliamentary investigations and they have a lot of shareholders who are really restless. >> reporter: restless because in the two weeks since the phone hacking scandal broke, stock in murdoch's parent company, news corp, has dropped nearly 15%. a loss of an estimated $6 billion. in 30 years, murdoch transformed a single australian newspaper into the w
. this is producing interests facts between murdoch's newspapers and scotland yards. >> the british tabloid schedule and unprecedented day for the owner at the center of it. elizabeth palmer is outside parliament with the latest. >> reporter: as you said, the murdochs have been testifying in front of what is technically a committee on media culture and sport. but i can tell you that the atmosphere around here is much more like a cross between epic drama and an imposition. the set for this drama, the splendor of britain's westminster parliament. the star of the show, media titan rupert murdoch. as investors around the world hanging on his every word and gesture. he is used to giving orders and not answering questions especially from politicians who until recently held him in either awe or terror. >> this is the most humble day of my life. >> reporter: by his side, his son james, the senior executive in the murdoch family empire. >> the company has admitted liability to victims of illegal voice mail interceptions, has apologized unreservedly, which i repeat today, to those victims, and the company als
as scotland yard alleges, murdoch's company may have broken u.s. law. >> news corp is an american corporation and they are bound by american laws regardless of where the offense takes place. >> reporter: u.s. politicians are also latching on to an unconfirmed report from an unnamed source that "news of the world" hacked phones belonging to 9/11 victims. >> anyone who did this really forget the legality, just in terms of the morality of this is just beyond the pale. >> reporter: the 9/11 allegation appeared on sunday in light of congressional concerns, we called news international, the subsidiary and they told us they have seen no evidence that those allegations are true. >> stephanie gosk in london this morning. thanks as always. martin bashir, it's good to have you here. sometimes when i have you, i like to ask the simplest question first because i like your take. you spend a lot of time as a journalist in the u.k. and here in the united states. >> i worked for the sunday times between 1984 and 1985. >> as you've watched this story unfold over the last month or so, what jumps out at you? >>
Search Results 0 to 3 of about 4 (some duplicates have been removed)